Inc42 and Cisco recently held a roundtable titled Decoding Indian Startups’ Big Bet On Multi-cloud Adoption For Hypergrowth, exploring many critical areas such as:
- The difference between multi-cloud and hybrid cloud strategies
- Top factors to consider when choosing cloud strategies
- Hybrid vs multi-cloud: Analysing key challenges and opportunities
- Decoding multi-cloud compliances and data security management
Moderated by Vijay Patel, CTO at Chiratae Ventures, the discussion included Deepak Gupta, sales leader (digital native enterprises) at Cisco Systems; Pankaj Goel, VP, engineering at Razorpay; Saurabh Odhyan, consumer CTO at FreshToHome; Thejasvi Bhat, head of engineering at BlackBuck; Vaibhav Khandelwal, cofounder & CTO, Shadowfax Technologies, and Shiprocket’s CTO Sunil Kumar.
The Multi-Cloud Strategy: The Emerging Trends & How Startups Can Become Future-Ready, Achieve Hypergrowth
Timing is crucial for startups when considering a multi-cloud strategy. Adopt it too soon, and costs and compliances can spiral. Go for it too late, and one may miss the bus and fail to unlock hypergrowth. Simply put, there is no ‘right time’ for sundry to move to multi-cloud. Also, different cloud service providers have different offerings, and startups must choose what best suits their requirements.
Cloud adoption has played a crucial role for legacy businesses and startups navigating through the Covid-19 pandemic as this technology helps sustain growth and drives scalability. Multicloud adoption is an emerging trend among startups, but before opting for it, businesses must consider several factors like cost optimisation, data security, compliances, and, more importantly, operational flexibility. Although a multi-cloud strategy may help improve uptime and aid scaling up, finding the right talent, optimising cost structures and ensuring operational consistency are proving to be difficult for Indian startups.
Not only that but it also brings along more data and may increase the regulatory complexities for startups looking to align themselves with the laws of the land. In other words, putting all the eggs in a single basket to accelerate growth may not be the best idea for startups. On the other hand, a single cloud setup may not be adequate for a mature startup. That is precisely why more and more startups are investing time and money to make a smooth transition to a multi-cloud setup.
Tune in to this panel discussion to know how startups can unlock the power of multi-cloud.